Jonathan On Money

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

Today, we are joined by Amy O’Hara from Littman Krooks based in Westchester, NY. Amy will be discussing “The Professional’s Guide to ABLE Accounts.”

By way of background, this episode will provide a practical overview of ABLE accounts, including eligibility requirements, contribution limits, distributions, and recent federal developments. It explores planning strategies for integrating ABLE accounts into a comprehensive estate, financial, and government benefits plan for individuals with disabilities. Listeners will gain practical guidance on tax considerations, compliance issues, and best practices for advising clients and their families.

***UPCOMING LIVE FALL WEBINAR: My next webinar is on Thursday, November 19th @ 8:30am on “Sports Franchises and SLATs: A Timely Planning Opportunity” featuring Jay Scharf and Joshua Glaser, both from McDermott Will & Schulte based in Boca Raton, Florida. You can register here: https://us02web.zoom.us/webinar/register/WN_MVzQXV5IQlSYOrH6KhMr9g***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management, this week as he discusses a variety of timely investing and financial planning topics, including:

***Upcoming Live FALL Webinar: Thursday, November 5th @ 8:30am featuring Amy C. O’Hara from Littman Krooks LLP based in White Planes, New York and she will be speaking on “The Professional’s Guide to ABLE Accounts.” RSVP here: https://us02web.zoom.us/webinar/register/WN_FLCe81T_RIC52p6ON9Lrrw

1. Talking points: Strong Shekel, Weak Dollar
2. This week’s quote is from Ethel May Caterham on arguing.
3. Is buying NBA Finals tickets this year a prudent financial decision?
4. Is a career as a financial advisor stressful, and would it be a good choice if I want less stress in my life?
5. Should I put all my investments into whole life insurance and the S&P 500, as some influencers recommend?
6. How bad is it to order from Uber Eats or DoorDash several times a week if I have little savings but am focused on building my career?
7. What financial advice would you give a newly married frum couple to help set them up for long-term success?
8. What is a backdoor Roth IRA, and how can I convert a traditional IRA to a Roth IRA while minimizing taxes?
9. I have 45% of my portfolio in VTI, 45% in VUG, and invest the remainder in individual stocks. What do you think of this allocation?
10. Are HSA accounts tax-free everywhere, or does the tax treatment vary by state?
11. My financial advisor says his back office can create an estate plan through a digital platform rather than by selling insurance. What are your thoughts on that offering?
12. Timely Planning Idea: Keep Your Estate Plan from Tearing Your Family Apart – Pay family caregivers

***My FIRST book: D is for Diversification: The ABCs of Personal Finance available on Amazon or at www.JonathanOnMoney.com***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) WATCH my daily financial planning videos @JonathanOnMoney: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

This week, we go IN FOCUS where we explore more advanced wealth planning topics.

Today, we are joined by Matthew E. Rappaport from Falcon Rappaport & Berkman LLP based in New York City. Matt will be discussing “Tax Issue Spotting for Non-Tax Lawyers.”

By way of background, tax issues can arise in virtually any legal matter, even when tax law isn't the primary focus. Mathew will share practical points specifically for non-tax lawyers, highlighting the tax considerations that frequently surface in corporate transactions, real estate deals, trusts and estates matters, employment issues, and commercial litigation. He’ll explore common red flags, when to involve tax counsel, and how early issue spotting can help avoid costly mistakes and create better outcomes for clients.

…and with that introduction I will now turn the floor over to Matt.

***UPCOMING LIVE FALL WEBINAR: My next webinar is on Thursday, November 5th @ 8:30am on “The Professional’s Guide to ABLE Accounts” featuring Amy O’Hara, from Littman Krooks based in Westchester, NY.. You can register here: https://us02web.zoom.us/webinar/register/WN_FLCe81T_RIC52p6ON9Lrrw***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management, this week as he discusses a variety of timely investing and financial planning topics, including:

***Upcoming Live FALL Webinar: Thursday, October 22nd @ 8:30am featuring Matthew Rappaport from Falcon Rappaport & Berkman based in Long Island, New York and he will be speaking on “Tax Issue Spotting for Non-Tax Lawyers.” RSVP here: https://us02web.zoom.us/webinar/register/WN_LRv_-3m1TR6Q4HV58rL-wQ

1. Talking points: The Power of Consistency
2. This week’s quote is from Anthony Bourdain on moving.
3. What is a prudent financial approach to obtaining a car? Leasing, buying, or something else?
4. My client can contribute $5,780 to IRAs and save $1,230 in taxes. Is there any merit in skipping the contribution because future withdrawals will be taxed at ordinary income rates instead of potentially lower capital gains rates?
5. If timing the market is unwise and diversification is good, is there any place for individual stocks in the average investor’s portfolio, or should everything go into dollar‑cost‑averaged index funds?
6. I was invited to a WhatsApp group focused on investing in African markets. Since this is considered a new frontier, will I find real opportunities there?
7. I am 51 years old, won a large settlement, and already max out retirement accounts. What should I do with the proceeds?
8. Timely Planning Idea: strategies for RMD season.

***My FIRST book:D is for Diversification: The ABCs of Personal Finance available on Amazon or at www.JonathanOnMoney.com***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) WATCH my daily financial planning videos @JonathanOnMoney: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

This week, we go IN FOCUS where we explore more advanced wealth planning topics.

Today, we are joined by Bruce Steiner from Kleinberg, Kaplan, Wolff & Cohen, P.C. based in New York City. Bruce will be discussing “Planning for State Estate Taxes.”

By way of background, twelve states and the District of Columbia have state estate taxes. However, there are various differences among them, including the exemption or exclusion amounts, the tax rates, whether and when they allow a separate QTIP or alternate valuation election, how they treat lifetime gifts, and whether the exclusion amount is phased out or whether they have a true exemption. This episode will discuss how the state estate tax works in different states, and how to plan for the state estate tax in these states, with particular focus on New York.

***UPCOMING LIVE FALL WEBINAR: My next webinar is Thursday, October 22nd @ 8:30am on “Tax Issue Spotting for Non-Tax Lawyers” featuring, Matthew E. Rappaport, Esq., Vice Managing Partner, Falcon Rappaport & Berkman LLP based in Long Island, NY. I’ll include the registration link in the show notes to this episode. You can register here: https://us02web.zoom.us/webinar/register/WN_YQgfkMY9QXSj5NTRJMPfYg***

M latest book, “D is for Diversification: The ABCs of Personal Finance” is now available on Amazon or at www.JonathanOnMoney.com. It is a great way to support these podcasts.

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management, this week as he discusses a variety of timely investing and financial planning topics, including:

***Upcoming Live FALL Webinar: Thursday, October 22nd @ 8:30am featuring Matthew Rappaport from Falcon Rappaport & Berkman based in Long Island, New York and he will be speaking on “Tax Issue Spotting for Non-Tax Lawyers.” RSVP here: https://us02web.zoom.us/webinar/register/WN_LRv_-3m1TR6Q4HV58rL-wQ

1. Talking points: Return on Hassle: Save on Taxes or Minimize Headaches?
2. This week’s quote is from The Talmud on taking too much.
3. How should we give money to our minor grandchildren — through a trust, a 529 plan, a UTMA/UGMA account, or by gifting funds to their parents for the children’s benefit?
4. What financial guidance applies to someone in their 20s who is single, living at home, and wants to maximize this stage of low expenses and high flexibility?
5. Why can’t an IRA be moved into a revocable trust, and how should IRAs be handled when using trusts for estate planning?
6. When does a Roth IRA conversion not make sense, and what factors should be considered before doing one?
7. Timely Planning Idea: Your retirement move may cost more than you think.

***My FIRST book: D is for Diversification: The ABCs of Personal Finance available on Amazon or at www.JonathanOnMoney.com***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) WATCH my daily financial planning videos @JonathanOnMoney: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

This week, we go IN FOCUS where we explore more advanced wealth planning topics.

Today, we are joined by Avi Z. Kestenbaum from Meltzer, Lippe, Goldstein & Breitstone, LLP based in Long Island, NY. Avi will be discussing “The Most Important and Overlooked Estate Planning Questions That AI Does Not Properly Address.”

By way of background, this program will address • How to structure trust distribution standards •Choosing the right trustees and executors •Avoiding common planning mistakes •Determining appropriate fiduciary compensation •Evaluating when corporate, out‑of‑state, or foreign trusts make sense. •Optimal ages for beneficiary control •Selecting guardians and agents for powers of attorney and healthcare proxies •How to assess the value and cost of estate‑planning professionals. Listeners will gain practical, experience‑based guidance on the decisions that shape outcomes far more than documents alone.

***UPCOMING LIVE FALL WEBINAR: My next webinar is Thursday, October 8th @ 8:30am on “Planning for State Estate Taxes” featuring, Bruce D. Steiner from Kleinberg, Kaplan, Wolff & Cohen, P.C. based in New York City. I’ll include the registration link in the show notes to this episode. You can register here: https://us02web.zoom.us/webinar/register/WN_LRv_-3m1TR6Q4HV58rL-wQ***

M latest book, “D is for Diversification: The ABCs of Personal Finance” is now available on Amazon or at www.JonathanOnMoney.com. It is a great way to support these podcasts.

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management, this week as he discusses a variety of timely investing and financial planning topics, including:

***Upcoming Live FALL Webinar: Thursday, October 8th @ 8:30am featuring Bruce Steiner from Kleinberg, Kaplan, Wolff & Cohen, P.C. based in New York City and he will be speaking on “Planning for State Estate Taxes.” RSVP here: https://us02web.zoom.us/webinar/register/WN_LRv_-3m1TR6Q4HV58rL-wQ

1. Talking points: Smart Money Moves for the Young, Single, and Living at Home

2. This week’s quote is from Teddy Roosevelt on old age.

3. I was talking to some colleagues about personal finance, and one said it is tough to “get the goal posts to stop moving.” What does this mean, and what is your reaction?

4. I saw Yrefy advertised on Fox News. The returns look sick. Should I invest with them?

5. Do clients ever leave you? If so, why?

6. What is a dynamic withdrawal strategy in retirement?

7. Should I give my children their inheritance during my lifetime or leave it to them as a bequest at death? I am torn and not sure what to do.

8. Someone told me that if you speak on a Pesach program, you can write off the entire cost of the program as a business expense. Is that true?

9. If you could sum up one strategy that is a reliable way to get rich, what would it be?

10. I missed out on the latest run in a meme stock. How can I make sure I get in on the next meme stock before it takes off?

11. I cannot understand why so many advisors charge a percentage of assets under management. I think they should charge hourly like other professionals. Why don't they?

12. How should I weigh the recent economic numbers when investing new money in the market?

13. Timely Planning Idea: Your estate plan may be built for rules that no longer apply.

***My FIRST book: D is for Diversification: The ABCs of Personal Finance available on Amazon or at www.JonathanOnMoney.com***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars

4) WATCH my daily financial planning videos @JonathanOnMoney: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.    

This week, we go IN FOCUS where we explore more advanced wealth planning topics.

Today, we are joined by K. Eli Akhavan from Grant, Herrmann, Schwartz & Klinger LLP based in New York City. Eli will be discussing “NYC Pied-à-Terre Surcharge – What Advisors Need to Know.” 

By way of background, New York City's pied-à-terre surcharge is now in the administration phase. The Department of Finance adopted its implementing rules in July, published a primary-residence addendum to the assessment roll on July 25, and is mailing notices to owners it treats as non-exempt by August 30 - after which the window to respond is short. Eli will discuss will who is actually a covered owner, how the primary residence exemption works when an apartment sits inside an LLC, a trust, or a stacked structure, why the January 5 taxable status date is unforgiving for buyers and renovations, and what to do when a notice lands. The focus is on what advisors and families need to do this fall, including the questions that the rules still leave open.

***UPCOMING LIVE FALL WEBINAR: My next webinar is Thursday, September 24th @ 8:30am on “The Most Important and Overlooked Estate Planning Questions That AI Does Not Properly Address” featuring, Avi Z. Kestenbaum, Esq., Partner, Meltzer, Lippe, Goldstein & Breitstone, LLP based in Long Island, New York. You can register here: https://us02web.zoom.us/webinar/register/WN_4i5n8PCtQX2-qfjWH-XZMw***

M latest book, “D is for Diversification: The ABCs of Personal Finance” is now available on Amazon or at www.JonathanOnMoney.com. It is a great way to support these podcasts.

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management, this week as he discusses a variety of timely investing and financial planning topics, including:   

***Upcoming Live FALL Webinar: Thursday, September 24th @ 8:30am featuring Avi Z. Kestenbaum of Meltzer, Lippe, Goldstein & Breitstone, LLP based in Long Island, New York and he will be speaking on “The Most Important and Overlooked Estate Planning Questions That AI Does Not Properly Address.” RSVP here: https://us02web.zoom.us/webinar/register/WN_4i5n8PCtQX2-qfjWH-XZMw

1.   Talking points: 5 Powerful Financial Lessons Hiding Inside Rosh Hashanah

2.   This week’s quote is from John Quincy Adams on property rights.

3.   What’s your take on the “TACO trade”?

4.   My CPA is a big advocate of backdoor Roth IRA contributions and insists that my wife and I make them every year. But I also have $300,000 in student loans. Which should be the bigger priority: making backdoor Roth contributions or paying down my student loans?

5.   What are S&P 500 futures? I hear them mentioned on the news all the time, but I’m not sure what they are.

6.   I just found out that I’m paying Wealthfront 65 basis points to access a CFP. Is that fee worth it?

7.   How can we fix the housing market so my generation can afford to buy homes?

8.   How can I get access to the latest IPOs? I need a big win to make up for years of not saving.

9.   I have a taxable investment account that has performed very well over the past two years, but I need the money for a home addition. I’m hesitant to sell because the investments could continue to rise, and I don’t want to pay taxes. Should I wait longer to liquidate, and how do I get over the mental hurdle of selling investments to fund a major purchase?

10. Every professional investor has had a few “big wins.” Can you share a few of yours?

11. If someone gave you $1,000 with no strings attached, how would you spend it? What about $10,000, $100,000, or $1 million?

12. If you could buy anything to help you become a better investor, what would it be?

13. Timely Planning Idea: Medicare could quietly double your premium.

***My FIRST book: D is for Diversification: The ABCs of Personal Finance available on Amazon or at www.JonathanOnMoney.com***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) WATCH my daily financial planning videos @JonathanOnMoney: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.